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(248) 345-5109
Real Estate Company
11429 Frey Ct, Brighton, MI 48116
- $1,500,000
- 17
- BA
- 12,400
- SqFt
- Sold Price
- $1,500,000
- List Price
- $1,500,000
- Closing Date
- Mar 11, 2026
- MLS#
- 20251038603
- Status
- CLOSED
- Bathrooms
- 17
- Subdivision
- ISLAND LAKE COLONY SUB
Property Description
Rare opportunity to own lakefront rental housing in Livingston County. Situated on approximately four acres with private frontage on Hamburg Lake, this 17-unit apartment community offers a tremendous value add opportunity. The property consists of 4 one-bedroom units, 12 two-bedroom units, and 1 three-bedroom unit, with 15 of the 17 units currently occupied. Average monthly rent across the property is $1,015 per unit. At the current income level, the property is offered at a 9.23% in-place capitalization rate. Comparable sales exceed $100,000 per unit. See offering memorandum for more details.
Additional Information
- Year Built
- 1965
- Acres
- 4.05
- Style
- Cottage
- Acres
- 4.05
- School District
- Pinckney
- Heating
- Forced Air, Other
- Waterfront Description
- Beach Access, Beach Front, Dock Facilities, Lake Front, No Motor Lake, Private
Mortgage Calculator
Courtesy of OakPointe Real Estate Advisors 2489727040
Selling Office: OakPointe Real Estate Advisors.
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